Chemtura has entered a long-term strategic sourcing agreement with Albemarle.
Under the agreement, Chemtura will source BA-59P, DE-83R, Firemaster 2100, n-propyl bromide and sodium bromide from Albemarle. Additionally, Albemarle is assigning its brine interests in Chemtura’s West Brine production unit located in Union County, AR, USA, to Chemtura, which will further strengthen the company’s bromine operations and maximise productivity.
The parties have also settled ongoing decabromodiphenyl ethane and bromine litigation, which will end the dispute over Chemtura’s right to sell decabromodiphenyl ethane to the global market. Under the settlement agreement, each company will grant a cross license for their respective decabromodiphenyl ethane products. The agreement has been executed by both parties but is pending Chemtura’s Bankruptcy Court approval.
The strategic agreement will allow Chemtura to further strengthen operations at its most productive brine field in South Arkansas. In addition, this agreement will provide greater opportunities for the company to reinvest in new, innovative flame retardants and brominated performance products designed as part of its “Greener is Better” programme.
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